News

21 Dec 2010

Source BioScience plc (LSE: SBS, “Source BioScience”, “the Group”), the international diagnostic and genetic analysis business serving the healthcare and research markets, has been selected as a preferred supplier of DNA Sequencing by RCUK Shared Services Centre Ltd (RCUK) following a competitive tender.

Highlights

Initial contract to provide DNA sequencing for the next two years, with the option to extend to three years

Expected revenue of at least £0.5 million per annum

The contract represents a single procurement process on behalf of the Medical Research Council (MRC), the Biotechnology and Biological Sciences Research Council (BBSRC), the Natural Environment Research Council (NERC) and others

The contract is an extension of previously renewed awards from the MRC which originated in 2003. The agreement means Source BioScience’s DNA sequencing services are now available to all RCUK laboratories

Source BioScience has a strong track record and has established itself as the leading commercial provider of DNA sequencing in the UK. The Company operates a network of laboratory facilities with operations in Oxford, Cambridge, London, Nottingham and Dublin. These local facilities provide customers with immediate access to a high quality service centred on the best laboratory practices and latest research tools with the fastest delivery of DNA sequencing data.

Dr Nick Ash, CEO said: "Winning this tender is a real vote of confidence in Source BioScience’s DNA sequencing services by the leading national research bodies in the UK. We look forward to offering our services to the wider community of research councils in addition to the MRC. Our service is the fastest, the highest quality and provides the best customer service. We are proud, therefore, that as a UK company, these qualities have been recognised by the RCUK against a strong international field. Our growth in this area is something we are very proud of and this new contract opens up new UK business to us which is great news.”

Richard Fowles for RCUK SSC Ltd added: "We put out this tender to a wide range of international companies and chose Source BioScience as one of our preferred suppliers on the strength of its services and reputation for DNA sequencing. We look forward to working with them with the aim of nurturing the highest quality research.”

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